As an asset class, property has done a lot to bring happiness to Australians. Many investors have meaningful portfolios which are well diversified. Some investors look beyond their State and invest in others (NSW investors investing in Queensland, for instance). Then there are those investors who like mixing gearing and positive cash flow by investing in overseas properties.
Tracey's Property News
Will Sydney’s Property Bubble Burst Or Deflate Slowly?
Has the Sydney property market run its course? Are we nearing a property bust? For some time now, the doomsayers have been warning of a bust at the top of their voices. They feel that the property market in the Harbour City does not have anything more to offer. Prices are at their peak value and the Sydney property bubble may burst any time now. There is a saying that goes, “intelligence is full of doubts and fools are always cocksure”. When it comes to real estate, it is good to travel the middle path. So, without sounding either too sure or too doubtful, let me dissect the idea of the impending property boom.
I am about to share a few pointers that I think are crucial to understanding the present property market scene in Sydney and I will also ponder over that one special aspect which can be the single biggest determining factor.
New Sydney Construction Record Achieved
Phil McCarroll writes an article for the website Your Investment Property where he says that the number of new homes built in the 12 months leading to June is a record in itself. The Australian Bureau of Statistics (ABS) has declared that 211,976 homes were built during this period. This Sydney construction boom marks a 16.9% increase from the year before.
Australia has seen value growth for three consecutive years now and it has happened only four times in the last six decades.
You can read the original article here.
Where To Buy Investment Property? Look For The Sweet Spot
While there are definitely a few stand-out property investment options, many properties do not quite make the cut. At best, they return poor profits when resold and at worst, you just run up losses on them. What do you think differentiates a good property from a bad one? To answer the question, “where to buy investment property?”, we should work towards finding the sweet spot of the real estate market.
It is true that each market can have its peculiar characteristics and may present a different dynamic but it is also true that as they’re lying within the same growth cycle, most of their characteristics remain the same. So if you have a great idea for locating the sweet spot of the Sydney market, it is likely to work (with certain deviations) for Melbourne, too.
Let us then search what makes for a property sweet spot and how we can figure it out. Don’t we all want higher ROI? There is also that one special characteristic of a great investment suburb you will so want to know. Read along!
From 67 Cents to 5 Million – What a Billy the Kid Photo can Teach Us About Home Prices
In the second half of the 19th century, the United States saw the rise of a notorious outlaw. His name was Henry McCarty, but the world knows him better as Billy the Kid. Just recently, an authentic photograph of his has been making quite some noise. Surely, it’s going to be sold off at an auction, and its worth is expected to be close to $5 million. Won’t you be surprised then to learn that the tintype photograph was originally sold about five years ago by a junk store for roughly 67 cents?
Is It Looking Bleak For The Australian Property Market?
Mark Mulligan has written an article for the Business Day section of the Sydney Morning Herald where he talks about the possibility of a slowdown in the Australian property market. Mulligan feels that the expected decline in our real estate by March next year may bring the economy closer to recession.
